Muyuan Foods, one of the largest meat producers in China is trying to raise more hogs on a single site than any company in the world - a risky investment with deadly African swine fever lingering, according to Reuters.
Posted on Dec 07 ,10:28
The new farm, which began construction in March and started operations at the first of its 21 buildings in September, epitomises the breakneck pace at which huge, industrialised hog breeding facilities are replacing small, traditional farms, many of which were wiped out by the worst animal disease outbreak in recent history.The shift, under way for years, has accelerated sharply, fuelled by huge profits at corporate producers since African swine fever ravaged the country’s herd and sent pig prices soaring to double the previous record. Corporate farms weren’t spared by the epidemic, but as prices jumped, they quickly recouped their losses. Muyuan’s profits grew 1,413% in the first nine months of 2020 to 21 billion yuan ($3.21 billion).
"We have hit a very favourable period for development. Pig prices are very high, our profits are really good, and cash flow is really ample," Qin Jun, Muyuan’s vice general manager, told Reuters at the company’s headquarters in Nanyang city in central China.
Source : euromeatnews.com